Advice from a successful real estate investor

Galen on 11 28, 2006

Real estate discussion on a non-real estate blog (it’s rare).

My biggest complaint with the advice would be the lack of specifics: “get started now: is not meaningful advice. Better advice would be “Buy properties on the edges of gentrifying areas with a rent-to-cost ratio of X.”

About the Author: Galen Ward

Galen runs Estately.com, a real estate search website with homes for sale from the MLS in Seattle, Portland, and all of California.

6 Responses to “Advice from a successful real estate investor”

  1. buygold
    November 29, 2006 at 8:22 am

    You’re correct Galen. It would be nearly impossible to buy anything within 50 miles of here for better than a 5 or 6 CAP rate.

    At some point that advice would be totally warranted.

    Reply
    #41122
  2. Galen
    November 29, 2006 at 4:57 pm

    Thanks buygold. I think 5 or 6 well below the historical average – try 8 or 9. http://www.bdo.com/about/publications/industry/re_fall03/

    Reply
    #41191
  3. Phil Hoover
    November 29, 2006 at 5:07 pm

    Well, there’s always that old standby real estate advice:
    “Get a lot while you’re young!”.
    (sorry, just couldn’t help myself Galen :)

    Reply
    #41192
  5. Galen
    November 29, 2006 at 9:51 pm

    Phil, are you sure that is real estate advice?

    Reply
    #41228
  6. Phil Hoover
    November 30, 2006 at 7:06 am

    You should realize by now that I’m just a lil warped, Galen :)

    Reply
    #41298

Leave a Reply

Live Comment Preview